Could Kingsway Financial Services Inc. (KFS) Increase Even More? The Stock Formed Inverse Head & Shoulders Chart Pattern

February 15, 2018 - By Linda Rogers

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.53, from 0.8 in 2017Q2. It improved, as 0 investors sold Kingsway Financial Services Inc. shares while 3 reduced holdings. 1 funds opened positions while 3 raised stakes. 696,960 shares or 4.43% more from 667,396 shares in 2017Q2 were reported.
Moreover, Royal National Bank Of Canada has 0% invested in Kingsway Financial Services Inc. (NYSE:KFS) for 1,138 shares. Morgan Stanley stated it has 0% of its portfolio in Kingsway Financial Services Inc. (NYSE:KFS). Jpmorgan Chase, a New York-based fund reported 300 shares. 205 are owned by Toronto Dominion Bancshares. Moreover, Renaissance Technology Ltd Co has 0% invested in Kingsway Financial Services Inc. (NYSE:KFS) for 269,800 shares. National Bank Of Montreal Can reported 0% in Kingsway Financial Services Inc. (NYSE:KFS). Gluskin Sheff & Associates reported 0.13% stake. Deutsche Comml Bank Ag holds 0% or 28,078 shares. Zeke Advisors Ltd Limited Liability Company reported 38,500 shares. Raymond James Finance Services Advisors owns 12,400 shares for 0% of their portfolio. Css Limited Co Il has invested 0.01% in Kingsway Financial Services Inc. (NYSE:KFS). Stifel Financial accumulated 43,000 shares. Bradley Foster And Sargent Ct reported 65,038 shares.

Since December 12, 2017, it had 17 insider purchases, and 1 sale for $133,719 activity. Fitzgerald John Taylor Maloney had bought 325 shares worth $1,663. 30,000 shares valued at $151,500 were bought by Hannon Gregory Paul on Tuesday, December 12. 2,500 shares valued at $13,463 were bought by STILWELL JOSEPH on Tuesday, December 19. Schaevitz Gary also bought $39,184 worth of Kingsway Financial Services Inc. (NYSE:KFS) shares. Kavanagh Terence Michael had bought 30,000 shares worth $151,500 on Tuesday, December 12. 408 shares were bought by SWETS LARRY G JR, worth $2,087.

The stock of Kingsway Financial Services Inc. (KFS) formed H&SI with $5.99 price target or 5.00 % above the current $5.70 share price. The 9 months Head & Shoulders Inverse reveals low risk for the $132.83 million company. This trade was featured by Faxor.com on Feb, 15. If the $5.99 target price is reached, the company’s valuation will be $6.64 million more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 0.80% or $0.04 during the last trading session, reaching $5.7. About 801 shares traded. Kingsway Financial Services Inc. (NYSE:KFS) has risen 35.78% since February 15, 2017 and is uptrending. It has outperformed by 19.08% the S&P500.

More news for Kingsway Financial Services Inc. (NYSE:KFS) were recently published by: Marketwatch.com, which released: “HopFed Bancorp Inc.” on May 19, 2017. Moodys.com‘s article titled: “Moody’s downgrades New Jersey School Bond Reserve Act (Chapter 72) to A2 from …” and published on June 10, 2015 is yet another important article.

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